KCB Bank Kenya
KCB M-PESA Fixed Savings
Fixed deposit
A fixed savings you open in M-PESA. You put in a lump sum and lock it for a set time.
Hear when this changes
What to watch out for
- A fixed savings placed from M-PESA with a lock period of 1–12 months.
- Minimum to open is KES 500.
- Breaking early forfeits all interest.
The details that matter for this kind of plan
- Interest
- Money saved in the Target and Fixed Savings accounts earn interest at 6.3% p.a.
- Term options
- 1 to 12 months.
- Early break
- If you break early you forfeit all interest.
How to open this
- Open with KES 500
What does it cost you?
| Penalty for taking money out earlyEarly or premature redemption will forfeit all interest acquired. | Nothing |
|---|---|
| Taken off each payment you makeyour deposits. Nothing is taken off the money you pay in — this account's charges are monthly and per transaction, and are listed above | Nothing |
What if you stop paying?
There are no monthly payments. Your money stays until maturity.
What if you need the money early?
You can break it early, but you lose all interest.
Who this suits
It could work for you if
You save on your phone and want a short fixed term with a clear rule.
Think twice if
You need to access the money before the end of the term.
What they tell you
- What is the smallest amount you can start with?KES 500.
- Are all their charges published?Yes, every charge they mention has a figure against it.
Talk to them
- Website: ke.kcbgroup.com
Compared with the others
There are 6 other plans of this kind on the board. See all 7 side by side — what each one leaves you with, and which of them will not say.
What has changed here
- 28 August 2026
- Taken off each payment you make is now 0%, and was not published before
We started keeping this record in August 2026. Anything that changed before then is not here. The whole board's record.
What the documents actually say
Every figure above was read out of a document. These are the sentences, word for word, so you can check them rather than take our word for it.
“Early or premature redemption will forfeit all interest acquired.”
“Open this account with a minimum of Kes 500 and earn interest of over 8.5%* p.a., on your accumulated savings.”
“Put money away in a fixed deposit or target savings account, and grow your money at an interest rate of over 8.5%* p.a.”
“Put money away ... locking your money for a period of 1 up to 12 months.”
“Save as little as Kes.50; the more you save, the higher you grow your credit limit.”
“Qualifying interest / Interest — 15%”
Where we got this
- KCB M-PESA — Fixed Savings Account pagethe company itselfRead on 2026-08-22
- KCB M-PESA — Product overviewthe company itselfRead on 2026-08-22
- KRA — Withholding Tax (Interest) ratesthe regulatorRead on 2026-08-22